Britain's pound, gilt prices hold lower after Starmer steps down (opens original article in a new tab)

Britain's pound and government bond prices fell after Prime Minister Keir Starmer resigned, with the pound down 0.27% against the dollar and gilt yields rising 1 basis point. The FTSE 100 index was slightly lower, while focus turns to potential leadership changes and the new finance minister appointment.

• Britain's pound and gilt prices fell after PM Keir Starmer resigned
• Starmer's resignation could lead to Andy Burnham becoming the next leader
• Benchmark 10-year UK gilt yields rose 1 basis point to 4.85%
• FTSE 100 index slightly lower, mid caps down 0.5%
• Focus shifts to who Burnham will appoint as finance minister